The shares of this cable manufacturer gained up to 9 percent after the company received a new work order valued at Rs 32.20 crore from domestic and international clients.
With a market capitalization of Rs 3,867.34 crore, the shares of DCX Systems Ltd were trading in green at Rs 346.40 per share, increasing around 8.05 percent as compared to the previous closing price of Rs 320.60 apiece.
The share of the company has seen positive movement today after DCX Systems Ltd received a new work order valued at Rs 32.20 crore from domestic and international clients for the supply of cable & wire Harness Assemblies. The contract should executed within 12 months.
Looking forward to the company’s financial, revenue being magnified drastically by 46 percent from Rs 511 crore in Q4FY24 to Rs 746 crore in Q4FY24 but during the same time frame, net profit plummed 36 percent from Rs 41 crore to Rs 26 crore.
The company has a strong customer base which includes Bharat Electronics, ELTA System Ltd, Astra Rafael Comsys Pvt Ltd, Lockheed Martin, and many more.
The firm has a strong order book of Rs 1,258 crore, which is divided into three categories: system integration at Rs 1,172 crore (93 percent of the total order book), cables at Rs 23 crore (2 percent), and kitting at Rs 63 crore (5 percent of total order book).
Comparing some companies’ return ratios, the return on equity decreased from 12.69 percent in FY22-23 to 6.08 percent in FY23-24, while during the same time frame return on capital employed also plummed from 19.64 percent to 10.15 percent. In contrast, the net profit margin (NPM) stands at 4.78 percent in fiscal years 23-24.
DCX Systems Limited is a company based in India that specializes in system integration, cable and wire harness assembly manufacturing, kitting, and the production of electronic subsystems.
Written by:- Abhishek Singh
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